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U.S. Home Sales Fall for 12th Straight Month
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The U.S. housing market weakened in January for the 12th straight month as continued high mortgage rates kept buyers on the sidelines.
Sales of previously owned homes, which make up most of the housing market, fell 0.7% in January from the prior month to a seasonally adjusted annual rate of 4 million, the slowest since October 2010, the National Association of Realtors said Tuesday. January sales fell 36.9% from a year earlier.
Read more on wsj.comAbout this in other media
Economy Week Ahead: U.S. Household Spending, Home Sales in Focus wsj.com /1 year ago
U.S. Home Sales Fall for 12th Straight Month wsj.com /1 year ago
Economy Week Ahead: U.S. Household Spending, Home Sales in Focus wsj.com /1 year ago
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